Located in New South Wales within the Blacktown local government area, Riverstone is a mid-sized suburb (postcode 2765). It is home to about 8,627 residents, with a mix of young professionals and families and a median age of 32. Households earn a median income of $111K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.2% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Indian.
Riverstone has a median house price of $1.2 million, holding roughly steady year-on-year. Units have a median price of $950,000 (+5.6% YoY). The current median weekly rent is $830. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $2,513.
Riverstone is served by 8 schools, including 2 primary, 1 secondary, 2 combined, 3 special. The average ICSEA score is 1033, which is around the national average of 1,000. Public transport access includes 2 rail stations, 38 bus stops. The crime rate in the Blacktown LGA is below average at 3,307 incidents per 100,000 population.
Looking at the investment signals, Riverstone shows a gross rental yield of approximately 3.7%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -0.4% year-on-year. Population growth of +2.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.